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The 210ha Nusajaya Tech Park is not only eyeing Singapore and Malaysia-based tenants, but also multinational corporations (MNCs), according to Ascendas President and Group CEO Manohar Khiatani.

“In our start-up phase comprising 28ha, 21 out of the 43 ready built facilities have been taken up during our soft launch,” he said after holding the groundbreaking ceremony for the tech park a few days ago.

In terms of prices, the rent for the ready-built facilities at the Nusajaya Tech Park is about RM380 psf.

“This is comparative (comparable) to some of the other parks around here as its main point is its strategic location which is only five minutes from the Second Link with Singapore,” he said.

To be built over three phases in the next nine years, the tech park will house around 200 enterprises, once it is fully completed. Possible tenants include companies involved in electronics, pharmaceutics, medical devices, precision engineering, food processing and fast-moving consumer goods.

“We are also engaging with many other companies requiring built-to-suit facilities,” he said. Furthermore, Ascendas is bullish that the park will benefit from Iskandar’s transformation as a vibrant industrial hub.

The Nusajaya Tech Park will be jointly developed by Ascendas and UEM Sunrise.

*source from PropertyGuru Malaysia on Jun 20, 2014